XE Market Analysis: North America – Oct 28, 2016

The dollar struggled for direction, overall, with EUR-USD remaining rooted to the 1.0900 level, despite net encouraging data of the Eurozone, and with USD-JPY settling back to near net unchanged levels after edging out a fresh three-month peak at 105.42. Japanese data today were mixed. Core national CPI came in unchanged at -0.5% y/y in the September reading, as expected. The BoJ is expected to acknowledge after its policy meeting next week that CPI won’t reach the 2.0% target before 2018 while downwardly revising inflation projections. The central bank is not expected to ease policy further until the new year.…

Source: XE news feed
XE Market Analysis: North America – Oct 28, 2016